COTTON TRADE BOOM.
RECORD PRICKS REACHED. London, Dec. 20. The cotton boom exhibits an amazing record of fortunes unexpectedly made in a few hours. The cost of a new mill has become several times that, of the pre-war price- Hence speculators arc buying companies at figures hitherto considered impossible. In many cases managers and foremen are combining to purchase a mill, knowing that tremendous profits are assured for some years. Two hundred mills have changed hands, buyers frequently paying five times the 1918 value, of the shares. Solicitors call on shareholders, asking them to sign a transfer, and accept n cheque several times the reputed value gi thf »barts,
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Taranaki Daily News, 15 January 1920, Page 7
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109COTTON TRADE BOOM. Taranaki Daily News, 15 January 1920, Page 7
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